Company Lookup

Market News

This Month News

This Month News

send to a friend by email

A transaction on PALTEL raises the trading value to $13 million


Weekly Trading Report [26-30/07/ [2015

Al-Quds Index, during the week, balanced itself and closed in the green zone amid a sharp variation in the final performance of the effectible leading stocks, to end its price direction with cohesion; and maintain, through it, the prevailing levels as essential supporting points. This came within higher liquidity on selective stocks, especially the stock of Palestine Telecommunications PALTEL due to executing institutional transaction with total volume exceeding one million shares, which, through it, the purchasing orders accumulated on the company’s stock in its price depth to record significant gains. On the other hand, the anticipation increases, while Palestine Stock Exchange PEX enters the last third of the legal period of the listed companies’ semi-annual financial data disclosures. And despite the disclosures slowness till this moment, and parallel to the investors’ expectations variation regarding the net income of the leading companies “PALTEL” and “PADICO”, but the prevailing market prices are still recording attractive indicators for investment.

Regarding the disclosures, Wataniya Palestine Mobile Telecommunications WATANIYA noted realizing net loss of $7.94 million in H1 2015; to decrease its losses by 2.57% compared to H1 2014. This came due to a slight increase in the gross income, besides a variation in the direction of some expenses items that led to a decline in this figure. On the other hand and regarding the disclosed data, the book value BV of the company records $0.26 at the end of June 2015, while, the P/BV reports $2.50x in the same period.

Moreover, Palestine Securities Exchange Company PSE- the operator of the PEX_ noted posting net income after taxes of $0.09 million in H1 2015; down by 70.75% compared to H1 2014. This decline followed a decrease in the operating revenues due to a decrease in trading and transfer commissions by 35.66% in parallel to a 36.54% drop in the trading value of the PEX in H1 2015. It is worth mentioning that PSE recorded significant investment income in the mentioned period; supporting recording profits instead on losses. According to the disclosed data, PSE records BV of $1.04 in H1 2015 and P/BV of 4.76x.



Al-Quds Index increases amid growing in the dividends proposals momentum for 2023

TPIC proposes distributing 5% stocks dividends for the year 2023

PIBC recommends distributing 2.5641% stocks dividends for the year 2023

ABRAJ recommends converting the company from public shareholding to private shareholding

NCI recommends distributing 12% cash dividends for the year 2023

TRUST approves distributing 10% cash dividends for the year 2023

Al-Quds Index stands-still with the start of April

TIC approves distributing 15% cash dividends for the year 2023

NSC recommends distributing 7% stocks dividends for the year 2023



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403